X-formerly-Twitter's newly anointed CEO Linda Yaccarino is now being tasked with picking up the pieces, following Elon Musk's acquisition.
Yaccarino is signaling optimism about the social media platform's future, telling an audience at this week's Code Conference that the company is nearing breaking even and that'll turn a profit in "early 2024."' sources, X is earning enough cash to at least cover the gargantuan interest payments, totaling roughly $1.5 billion a year, accrued by Musk's debt.
Oh, to be a fly on the wall. There's a lot we don't know about what's really going on behind the scenes at X and the company's short-term goals are as nebulous as ever.that "we may fail, as so many have predicted," a rare moment of lucidity for an entrepreneur who has a reputation for making kneejerk and ill-advised decisions.
It remains to be seen if Yaccarino will be able to rack up enough goodwill among lenders to right the ship and save X from its eventual demise. She'll certainly have a lot of questions to answer on behalf of her handler going forward.
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